Novig, an intrepid sweepstakes startup, has launched in 42 US markets and Washington DC. Despite the somewhat of controversial nature of sweepstakes, the prediction operator hopes to disrupt the market with innovative vow that doesn’t put apart customers at a balk.
Novig Makes Colossal Guarantees
Novig’s nationwide initiating hopes to channel hundreds of avid gamers who were aggravated by outmoded sportsbooks in opposition to the sweepstakes platform. Describing itself as a “handsome and ambiance pleasant prediction market,” the platform guarantees to position users on the a similar level, permitting them to compete against their chums in vow of against the condo.
Overall, the disruptor makes necessary guarantees of “no rigging, no banning and no penalties for outsmarting the market.” The firm also promised customers that they must no longer want to take care of mounted odds, restrictions and refused payouts.
Novig users can utilize Novig Coins to play for fun or Novig Cash to play for a shot at monetary prizes. All unique users win 1,000 Novig Coins and 5 Novig Cash preloaded, permitting them to originate purchasing and selling factual away.
Novig supplies moneyline, spread, total markets and player props in NFL, NBA, WNBA, NCAAF, NCAAB, and MLB. Extra leagues and bet styles are vow to be included soon.
The platform is in the marketplace on iOS in all states, with the exception of Alabama, Colorado, Idaho, Louisiana, Michigan, Montana, Nevada and Tennessee. An Android liberate is coming soon.
Jacob Fortinsky, Novig’s founder and chief govt officer, commented on the initiating, asserting that he is labored up that the prediction market is ultimately available to avid gamers. He promised that his firm’s sweepstakes model would construct a whopping 43% of its users profitable, in vow of easiest 3.
Fortinsky invited avid gamers to derive the app and be a part of the Novig Discord server to connect with other contributors of the community.
The extra users we’ve in our community, the stronger the alternate turns into, so I’d vastly fancy it if you happen to could presumably well abet spread the be conscious and win others to be a part of the Novig motion. It’s high time for a extra profitable, social, and ambiance pleasant sports activities prediction market.
Jacob Fortinsky, founder & CEO, Novig
Sweepstakes Dwell Severely Controversial
Novig’s model became underpinned by a $6.4 million funding round that attracted a essential form of eminent investors. The firm beforehand tried to initiating a having a bet alternate in Colorado but became averted from doing so by the native regulator. As a consequence, Novig opted to initiating commission-free sports activities having a bet but rapidly shut all of it of the manner down to focal level on other enterprise opportunities.
Novig’s initiating comes amid elevated scrutiny of the sweepstakes sector. Sweepstakes are usually no longer belief about to speak playing and due to this truth are usually no longer regulated as such. On the opposite hand, the American Gaming Association, among other enterprise our bodies, has expressed disapproval of this oversight.
Overall, sweepstakes hold cemented themselves as a controversial and, according to some folks, insufficiently regulated gaming model, no longer unlike skill-essentially based video games in definite US markets.
Some hold slammed sweepstakes as but one other offering that seeks to cannibalize the correct gaming market.
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